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2018 (4) TMI 675 - AT - Service TaxTaxability - expenditure in foreign currency - amounts were deducted from export proceeds by the banks towards their charges - Held that: - the issue is covered by the decision in the case of M/s Dileep Industries Pvt. Ltd. Versus CCE, Jaipur [2017 (10) TMI 1231 - CESTAT NEW DELHI], where it was held that The foreign banks while remitting the money to the Indian Bank, deduct their charges for collection of bills which in turn are charged by the Indian Banks from the appellants. When it is so, then the appellant are not entitled to pay the service tax - demand not sustainable - appeal allowed - decided in favor of appellant.
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